Download Unicorn Signals App

By EquityPandit

NIFTY AUTO

Nifty Auto Outlook for the Week (Oct 04,2021 – Oct 08,2021)

NIFTY AUTO Weekly Outlook and Analysis:

For the Week: (Oct 04,2021 – Oct 08,2021)

NIFTY AUTO Index closed the week on positive note gaining 167.90 points 1.61%.

Weekly High: 10,842.35

Weekly Low: 10,437.10

Weekly Close: 10,596.95

Weekly Support & Resistance For Nifty Auto Index:

RESISTANCE 211,030             
RESISTANCE 110,813
SUPPORT 110,408  
SUPPORT 210,220     

Technically on the daily charts we see minor support on the downside for NIFTY AUTO index lies at 10400 levels, whereas minor resistance on the upside is capped around 10750-10800 levels.

If NIFTY AUTO index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10250 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10950.

Currently NIFTY AUTO index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10300 on downside and 10900 on upside.

Get Daily Prediction & Stocks Tips On Your Mobile


Latest
IPO
Weekly
Outlook

Stock
Market
Prediction